Case Laws Analysis Relied on Asstt. CIT v. Pawan Kumar Jhunjhunwala 2016 TaxPub(DT) 1022 (Kol-Trib) Relied on Asstt. CIT v. Bilawala & Co. 2010 TaxPub(DT) 0581 (Mum-Trib) Followed CIT v. D.C. Gandhi Associates 1994 TaxPub(DT) 0624 (Guj-HC) Distinguished on Karnataka Industrial Areas Development Board v. CIT & Anr. 1987 TaxPub(DT) 1385 (Karn-HC) Relied on CIT v. Tanubai D. Desai 1972 TaxPub(DT) 0243 (Bom-HC) Relied on CIT v. Sandersons & Morgans 1970 TaxPub(DT) 0018 (Cal-HC) Relied on Calcutta Discount Co. Ltd. v. Income Tax Officer & Anr. 1961 TaxPub(DT) 0130 (SC) SUBSCRIBE FOR FULL CONTENT The Tax PublishersW.P. No. 822 of 19881989 TaxPub(DT) 0287 (Bom-HC) : (1989) 176 ITR 0253 : (1988) 072 CTR 0044 : (1988) 040 TAXMAN 0329 SUBSCRIBE FOR FULL CONTENT